Pa n gla n taw table o f

A ng Paglaum Multi-Purpose Cooperative,

giniyahan sa labaw’ng Makagagahum, usa ka
lig-on, malamboon, kasaligan nga kooperatiba,
co n te n t
dangpanan sa kabulahanang ekonomikanhong, Schedules of General Assemblies 3
politikanhon ug katilingbanong kahimtang
sa katawhan, nagalihok sa pag-amping sa Messages 4
kinaiyahan ug katawohon nga panag-angay.
PAGLAUM a touching story of

hope and cooperation 12

k aa k u h a n 2006 Performance at a Glance 15

Independent Auditor’s Report 17

M olihok aron makab-ot sa mga sakop
apil ang komunidad, ang gahum nga
mopalambo sa ilang kinabuhi, pinaagi sa
Credit Management Report 28

paghatag ug kalidad nga kooperatibanhon nga Report on Membership 29

mga serbisyo ug programa.
2006 Training Activities 30

2006 In-House Trainings 31

2006 Trainings/Presentations 31
ta h as
2006 Election Result 32
 Mapalambo, mopalig-on ug magmugna ug
bag-ong serbisyo, pinaagi sa makanunayong PAGLAUM Budget for 2007 33
pagtigum, pagdugang sa Share Capital
The Multi-Awarded Coop 34
ug pagpahiluna sa maayong pamaagi sa
panalapi. Affiliations 35
 Mopahiluna ug makanunayong edukasyon,
Officers 2006-2007 36
konsultasyon ug padayong serbisyo sa
katawhan. Management & Staff 36
 Adunay makanunayong pagsusi sa mga
palisiya ug paghimo sa mga bag-o ug Branches 37
angay’ng mga balaod ug pagtuman niini. ACTIVITIES 40
 Padayon nga pakiglambigit sa ubang
kooperatiba, mga NGOs ug GOs. Laboratory Coop 43

 Motabang, makig-abin sa pagpanalipod ug Future Plans 43

pagbantay sa kadagaya sa kinaiyahan.

 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
 PAGLAUM MULTI-PURPOSE COOPERATIVE
Schedule of General Assemblies

DIPOLOG
May 23, 2007, 1:00 - 5:00 PM
St. Vincent Covered Court, Fr. Ramon St.,
Estaka, Dipolog City

OZAMIZ / TUDELA
May 24, 2007, 1:00 - 5:00 PM
Tudela Gym, Centro Napo, Tudela,
Misamis Occidental

CALAMBA
May 25, 2007, 1:00 - 5:00 PM
Don Mateo Matunog Gym, S.W.P.
Calamba, Misamis Occidental

PLARIDEL
May 28, 2007, 1:00 - 5:00 PM
Lopez Jaena Gym, Lopez Jaena,
Misamis Occidental

OROQUIETA
May 29, 2007, 1:00 - 5:00 PM
ABC Gym, Oroquieta City

PAGADIAN
May 30, 2007, 1:00 - 5:00 PM
Balgo Bldg., Capitol Compound,
Pagadian City

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 
 Republic of the Philippines
MALACAÑAN PALACE
Manila

Warmest greeting to the board of directors, members and consumers of

the Paglaum Multi-Purpose Cooperative (PMPC) as you hold your
Annual General Assembly.

Multi-purpose cooperative like yours help the government in addressing

the many challenges that it is facing. I laud PMPC for initiating programs,
particularly your micro-finance which have benefited mostly women small
entrepreneurs in Misamis Occidental, Zamboange del Sur, and Zamboanga
del Norte.

May you continue to promote the values of hard work, cooperation,

and discipline so that your members can truly successful micro-
entrepreneurs.

Mabuhay tayong lahat!

GLORIA MACAPAGAL-ARROYO

 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
SEEDFINANCE Corporation / SEAD, Inc.

SEEDFINANCE Corporation, its forerunner the SEAD, Inc.-NGO, and CARE-Philippines, congratulate the
Paglaum Multi-Purpose Cooperative (PMPC) on the occasion of its 15th Annual General Assembly to be held
on May 23, 2007. With this year’s theme of ‘Kalambu-an Sa Kooperatiba, Kadaugan sa Matag Pamilya’, one is
reminded of the common perspective our organizations share with Paglaum MPC – that of a holistic, continuing
development framework that emanates from the empowerment of the individual.

As Paglaum MPC brings the benefits of microfinance and its attendant services to a greater number of the poor
and marginalized in Mindanao, it takes microfinance to a new level of purpose and direction. Targeting the
enterprising poor, Paglaum MPC provides its clientele with a direction, one that makes them aspire to leap out
of the pits of poverty towards economic emancipation. The microfinance client as an individual makes that initial
leap, and as the individual gains more clout and economic control, she takes along her family with her. In a typical
Filipino multi-familial setting, the household is the next step, say in a micro-enterprising housewife who engages
in local handicraft-making and begins to employ her family and household members. As this micro-enterprise
gains even more scale, nothing stops the micro-entrepreneur from employing her neighbors and contributing
to the economic development of an even bigger playing field, the local barangay or municipality. The micro- is
no longer so as she gains small- or even medium-scale status. The vicious cycle of poverty is arrested as micro-
entrepreneurs are set on their tracks of consistent and continuous growth, never coming back to their poverty pits.
Paglaum MPC’s empowerment of its members, and accordingly their families and households, transforms the local
communities where the coop operates. Such begins the reverse process of development trickling from below, from
the individual level, to the barangay, the municipal, the provincial, regional, ultimately the national front. Paglaum
MPC’s perspective is remarkable!

SEEDFINANCE Corporation shares that perspective with Paglaum MPC. Genuine community development -
anchored on the strength of the cooperative’s members and their families and households – brings forth the remedies
to poverty and marginalization. Just as Paglaum MPC envisions its members to grow, SEEDFINANCE takes its
partner-organizations to a new level of development, moving from parochial cooperatives to provincial or regional
microfinance institutions. Microfinance is merely the first step, and the total cooperation of SEEDFINANCE and
its partners working hand in hand with the local government and its instrumentalities, the civil society, the business
community, all these takes microfinance further. It is our privilege to be a partner of Paglaum MPC in this noble,
empowering work, as together as partners we provide financial and business advisory services to the poor in the
countryside.

As Paglaum MPC works from the realization and acceptance of the challenges to improve the lives of its members
and their households and communities where they live, the new challenges of embracing a broader perspective of
economic growth coupled with social goals begin to take shape. We are confident Paglaum MPC will face and live
up to those challenges ably, competently, triumphantly!

Congratulations to Paglaum MPC, its officers and staff, its members, for an empowering work well done!

Mabuhay!

Jun P. Perez
Managing Director & COO

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 
 Republic of the Philippines
PROVINCE OF MISAMIS OCCIDENTAL
Office of the Governor
Capitol, Oroquieta City, 7207

Warm greetings and felicitation to the officers and members of Paglaum Multi-
Purpose Cooperative on the occasion of your series of Annual General Assemblies
from May 23-30, 2007.

For many years PMPC has always been a channel of various charitable services not only
to its members but to the whole community as well. I admire PMPC’s dynamic and
indubitable contribution towards the upliftment of the quality of life of our people.
Indeed, the enormous dedication of your cooperative has inspired and empowered
our people to develop their entrepreneurial skills and abilities.

The Provincial Government of Misamis Occidental is privileged to have PMPC as

its potent partner in providing economic benefits to the people of the province. The
National Award both PMPC and the Provincial Government shared which is dubbed
as the Most Outstanding COOP-LGU Partnership in the Philippines is a tangible
proof of our unified thrust of uplifting the economic condition of the people in the
communities. It is indeed worthy to note that your cooperative is soaring to the greater
height of accomplishments and is growing fast in terms of membership and provision
of tangible and equitable economic services to the people.

Truly, the cooperation and unity of all your members are instrumental in the various
successes achieved by your cooperative throughout its years of fruitful existence.

To all PMPC members, I wish you good luck and go onward in promoting the spirit
of cooperativism among our people.

Mabuhay and God Bless!

LORETO LEO S. OCAMPOS

Provincial Governor

 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
 Republic of the Philippines
HOUSE OF REPRESENTATIVE
Quezon City, Metro Manila

It is with pride that I extend my warmest greetings and felicitations to the officers
and members of Paglaum Multi-Purpose Cooperative as they hold a series of Annual
General Assemblies from May 23-30, 2007.

Paglaum Multi-Purpose Cooperative with the excellent leadership of its General

Manager Gadwin E. Handumon has brought honor and prestige to our province
especially to the Municipality of Plaridel having been recently awarded as the
Most Outstanding Cooperative of the Philippines. Paglaum Cooperative provides
employment as well as livelihood to those who are unemployed. Many of our
constituents have become micro entrepreneurs. Financing has become very easy.
These, among others, are the significant contributions of Paglaum Cooperative to the
economy of our community, our province and our country.

Thus, I commend each and everyone of you for a job excellently done.

WISHING FOR A FRUITFUL ASSEMBLIES AND MAY GOD BLESS US ALL.

HON. ERNIE D. CLARETE

Representative
1st District, Province of Misamis Occidental

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 
 MASS-SPECC
Cooperative Development Center

Congratulations Paglaum Multi-Purpose Cooperative on your 15th Annual General

Assembly!

We at MASS-SPECC Cooperative Development Center, are very pleased to know

that your cooperative has grown steadfastly. In the last five years, your cooperative
has been able to get out of the corners of Plaridel, Misamis Occidental and established
branches from as far as Pagadian City in the south to Sindangan, Zamboanga del Norte
in the north. Branching has never been an easy endeavor. One coop can only establish
a branch if it is ready to face the challenges that come on its way. But you have dared to
seek for more communities, new markets to offer your services. You current eight (8)
branches are open doors for you to expand your membership so that more and more
Misamisnons and Zamboangenos will benefit the service only Paglaum can offer.

The year 2006 was a very favorable year for your cooperative. You won the most
prestigious Coop-LGU partnership awards together with the provincial government
of Misamis Occidental. This only validates your sincere and dedicated service to your
members and your communities.

Allow us also to thank your cooperative for patronizing the services of MASS-SPECC
being our affiliate. Please be assured that as you continue to desire for more growth,
we will always be there to support you.

Let 2007 be a turning point as you reach your 100 million in total assets.

Mabuhay and Paglaum Multi- Purpose Cooperative!

SYLVIA OKINLAY-PARAGUYA
MASS-SPECC CEO

 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
 Republic of the Philippines
Department of Finance
COOPERATIVE DEVELOPMENT AUTHORITY
5th Flr. Ben-Lor Bldg., 1184 Quezon Avenue, Quezon City

On behalf of the Cooperative Development Authority (CDA), I would like to extend

our sincere congratulations to the Management, Staff and Members of Paglaum
Multi-Purpose Cooperative (PMPC) on the occasion of your Annual General
Assembly.

Empowerment of members is the key to achieving cooperative sustainability and the

entire membership of PMPC of more than 15,000 has more than enough reason to be
truly proud of their cooperative.Your Board of Directors, Management and Staff have
resolutely demonstrated unequivocal commitment and untiring dedication to quality
member services thus upholding the fundamental principles and values of genuine
cooperative governance.

The CDA as your cooperative partner agency can only wish and hope that your
cooperative’s operation would continue to look beyond your millions in assets and
always advance the cause of touching thousands of lives, transforming communities
and empowering people and foremost, extending a helping hand to our less fortunate
brethren.

Cheers to the Power of Cooperation! Mabuhay ang Kooperatiba!

LECIRA V. JUAREZ
Chairperson

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 
 PAGLAUM
MULTI-PURPOSE COOPERATIVE

I am very pleased to extend my warmest congratulations to the men and women

who have been responsible in pioneering and sustaining the cooperative movement
throughout this 15th Annual General Assembly.

As we celebrate another milestone in our coop’s history, let us count our blessings and
take a look at what we have gained in the year 2006. On January 23, 2007, our very
own cooperative together with the provincial government of Misamis Occidental,
was awarded “Most Outstanding Cop-LGU Partnership Award”. This was the highest
recognition that we have received so far. And this was made possible through our
selfless endeavors, through cooperating with one another.

God has been so good to us. We should not forget to thank Him for without Him we
can do nothing in our cooperative. To all the members of the Board of Directors and
the different committees, my sincere and highest commendation for a job well done.

Congratulations to all and MABUHAY Paglaum MPC’s 15th Annual General

Assembly!

NATIVIDAD C. JAIM
Chairperson

10 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
 PAGLAUM
MULTI-PURPOSE COOPERATIVE

Usa ka malampuson nga tuig ang 2006 kanatong tanan!

As we celebrate our 15th year as a cooperative, allow me to express my deepest

gratitude to all the officers, staff, and members because all of you have contributed to
what Paglaum is at present.

It is through your untiring effort and cooperation that we have gone this far. What we
are today is also the result of our humble beginnings back in 1992.

After 15 years, we have opened eight (8) branches across Misamis Occidental,
Zamboanga del Sur, and Zamboanga del Norte Provinces. These are opportunities
for us to help build more empowered families and communities as we provide
our members with access to micro- enterprise. Truly, our theme “Kalambuan sa
Kooperatiba, Kadaugan sa matag Pamilya” reflects our passion to help bring out more
united and more healthy families in Misamis and Zamboanga. We will continue to
reach out and find out how we can help make lives better for our members.

The National Coop LGU Partnership Award we have received recently is a manifestation
of the trust that we have earned not only from our members but also from our partner
agencies in both the government and the private sector. Furthermore, it was a proof
of our lively and harmonious partnership with the provincial government of Misamis
Occidental. Let this be our inspiration to do more for our members and for our
cooperative.

Pinaagi sa atong mga paningkamot, padayon ang pag-uswag sa atong kooperatiba ug

sa matag pamilya.

GADWIN E. HANDUMON
General Manager

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 11
Paglaum
F
ourteen years ago, the
cooperative movement was a
struggling sector in Misamis
Occidental. Many cooperatives
failed to survive. Some died a
natural death. On the other hand,
Plaridel was a lonely town. There
were very few who ventured in
business. Most of the townsfolk
were either farmers or fisherfolks.
But despite the miserable scenario
in the cooperative movement and the
loneliness of Plaridel, a group of
community parents and staff from
Paglaum Community Development
Foundation attempted to form a
cooperative by pooling a total of two
thousand pesos (P2,000.00). Thus,
Paglaum Multi Purpose Cooperative
was created. This became the
foundation’s livelihood arm. From
the initial capital contributed by
35 founding members, PMPC first
ventured into “palay trading”.

The coop then started to

operate its savings and credit
program in the municipality of
Plaridel. As a new player in the
financial service industry the coop
endured “birth pains”. This was
so because the coop did not have
much technical assistance in the
operation of a savings and credit
cooperative. Nevertheless, after
five (5) years of its existence, it
reached its first million in the
middle of 1996. More millions
came in after 1996. Later, PMPC
felt its need to reach out to more
communities. It expanded to
Calamba and Oroquieta City in the
year 2000. The initial successes
of these two branches led to the
opening of more locations. In
2005, it opened offices in Tudela,
Misamis Occidental and Dipolog,
Zamboanga del Norte. Later in
2006, Pagadian City branch was
opened to address the needs of
more women who would like
to venture into micro-finance
activities. In 2007, PMPC bravely

12 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
a touching story of
hope and cooperation
“conquered” Ozamiz City and
Sindangan, Zamboanga del
Norte.
The 35 founding members
never realized that they would
reach more than 15,000 members
throughout the Northwestern
Mindanao region and would
grow their P2,000 to almost 90
Million in early 2007.
Most members are women
micro-entrepreneurs. Paglaum
gave them the opportunity to
start their own business and help
their husbands find additional
income to sustain the family’s
needs. Saving of these women-
members are used to finance the
loans of other members.
The mere palay trading has
grown into what is now the Farm
Level Grains Center III (FLGC).
This project has expanded into
trucking services, computerized
mechanical drying system, and
milling, serving members and
communities. At present, FLGC
is one of the major rice traders in
the area. Because of the coop’s
sound management, several
donor agencies poured out their
funds for Paglaum’s special
projects. The Philippine Australia
Community Assistance Project
(PACAP) has worked with PMPC
and the provincial government
of Misamis Occidental in the
Coconut Industry Rehabilitation
Program.
The Paglaum Community
Development Foundation, Inc.
continues to serve the under
privileged children, families, and
communities. PMPC is aggressive
in Child Development Program
especially in Health and Nutrition
where dental and medical
services were conducted. PMPC
PA G L A U M M U LT I - P U R P O S E
is sensitive in the continuing
advocacy of the Rights of the
Child, parents’ and children’s
spiritual enrichment, and
scholarships. PMPC supported
construction of school lavatory,
provided sports equipment and
school supplies. The on- going
health and education programs
of the foundation have brought
a lot of healthier and smarter
children.
Moreover, PMPC has put
into service various assistance
and activities in partnership
with the provincial government.
Assistance program to persons
with disability has been designed.
Provision of water system
facilities was funded. Dental
and medical outreach missions
were conducted. Upliftment
of livelihood in the province is
assisted through Micro Finance
Program. The coop’s participation
in provincial government projects
is evident in the Philippines-
Australia Community Assistance
Program (PACAP) as Secretariat
C O O P E R A T I V E 13
 and as proponent in the (6) dedicated
Coconut Industry Rehabilitation and committed
and Development Program employees
(CIRDP). It is a stakeholder in 1992
and occupies the presidency has grown
in the Misamis Occidental 1st rapidly to one
Integrated Coconut Processing hundred forty-
Corporation and Philippines- seven (147)
Australia Technical Support employees
for Agrarian Reform and Rural across the
Development (PATSARRD). branches. The
Grants and financial assistance employees
from the Office of the Governor are equipped
have been extended to PMPC for with various
continuous implementation of educational trainings and directed Paglaum’s steady growth has
developmental functions. with values formation. made a significant contribution
to rebuilding the image of
Paglaum’s positive image in the cooperative movement.
the community has earned It has been successful not
the trust and confidence only in providing economic
of the members and opportunities to its members and
potential members families but most importantly in
where countless making these people responsible
awards and plaques citizens in their communities.
of appreciation
harvested over the Paglaum has indeed grown
years. Paglaum’s into a huge cooperative.
participation and But despite its growth, the
involvement in different cooperative has remained
working committees true to its ideals. It continues
and special bodies to give HOPE to its members.
in the provincial It continues to make an impact
government in Northwestern Mindanao,
has been duly reaching out to more people
recognized. and communities. And, it
C o o p e r a t i v e ’s desires to grow by a hundred
branching out million in 2007.
made it possible for
the people to avail Thank you to the 35 pioneers.
of quality savings and Thank you to their initial
credit services. P2,000 capital. Now, it means
so much to every PMPC
In terms of member.
employment, PMPC
which started with six

14 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
 2006 PERFORMANCE AT A GLANCE
The following is a graphical presentation on how we have performed at Paglaum Multi-Purpose Cooperative for 2006.
The data in 2005 is also presented for comparative purposes.

MEMBERSHIP
3500
2005
3000
2006
2500
2000
1500
1000
500
0
PLARIDEL CALAMB A OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN TOTAL

2005 2477 1563 2485 1267 238 0 8030
2006 3040 2163 2979 1676 2351 224 12433
An increase of 56% or 4,471 new members was noted in 2006. The main reason for the surge in membership was the
expansion efforts in Dipolog Branch. Dipolog posted the highest increase from 238 in 2005 to 2351 in 2006. All other
branches have also moved up in their membership.

SAVINGS
10000000
2005
8000000 2006
6000000

4000000

2000000

0
PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN TOTAL

2005 6,955,450 2,916,911 3,224,047 645,589 102,579 0 13,844,576
2006 8,335,719 4,055,344 4,194,370 1,276,358 2,799,674 121,076 20,782,541

For the year 2006, savings mobilized was P20,782,541. This is P6.9M higher than the figure in 2005 which was at
P13.8M. Plaridel maintains the highest deposits mobilized. All other branches have increased savings deposits.

SHARES
10000000
2005
8000000 2006
6000000

4000000

2000000

0
PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN TOTAL

2005 5,966,787 2,464,209 4,652,754 1,094,126 66,695 0 14,244,574
2006 8,022,560 3,503,118 6,163,339 2,051,333 1,783,341 68,092 21,591,783

There was 51.57% increase in share capital for 2006 compared to its 2005 figure. All branches have increased in capital
build up. From a measly 66,695 when it started operations in 2005, Dipolog has increased this to P1.78M in 2006.

PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 15
 LOANS RELEASED

30000000
2005
25000000
2006
20000000
15000000
10000000
5000000
0
PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PA GADIA N TOTAL

2005 20,380,124 14,615,870 25,277,175 9,093,234 759,000 0 70,125,403

2006 25,466,882 19,637,780 26,895,657 13,690,872 16,420,438 548,449 102,660,078

Loans released increased from P70.1M in 2005 to P102.66M in 2006. This is a 46.39% increase. The increase was due
to the increase in releases of Plaridel, Calamba, Tudela, and Dipolog branches. Dipolog Branch posted the highest
increase.

TOTAL ASSETS

25000000
2005
20000000 2006
15000000

10000000

5000000

0
PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PA GADIA N TOTAL

2005 20,224,827 7,373,042 15,859,071 4,914,448 1,845,995 0 50,217,383

2006 19,552,642 10,990,572 15,795,252 5,764,963 8,190,118 6,074,769 66,074,769

Total assets increased to P66M in 2006 from P50.2M in 2005. This was due to the increase of assets in Pagadian,
Dipolog, Calamba, and Tudela branches. Figures here only represent assets of the cooperative’s savings and credit
operation and exclude other businesses.

NET SURPLUS

1500000
2005
1000000 2006
500000

-500000

-1000000
PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PAGADIAN

YEAR PLARIDEL CALAMBA OROQUIETA TUDELA DIPOLOG PA GADIA N

2005 918,789 718,728 1,301,971 170,121 (71,379) -

2006 1,039,450 776,605 1,153,587 (94,471) (201,598) (542,358)

Plaridel, Calamba, and Oroquieta branches remained profitable in 2006. However, Tudela, Dipolog, and Pagadian
branches lost in their operations. Pagadian is a very new branch and is expected to earn in 2007. Dipolog and Tudela’s
losses were mainly due to their expansion activities. Both branches are expected to shape up in 2007.

16 PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E
PA G L A U M M U LT I - P U R P O S E C O O P E R A T I V E 17
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